Neighbour Joe - May 2017 Net Worth

Something I bought for my son. :)

Here is my net worth at the beginning of the month.

A month into my journey, this is my first monthly update. This month I changed my TD Comfort Growth Fund and split it into two TD E-series Index Fund. It is now invested into both the Canada and the US equity TD E-series Index Fund. This lowered my MER from 1.6% to aprox 0.4%. Now I just have to setup my regular monthly contribution again. I also called my investment broker and have (Dividend Reinvestment Plan) DRIP setup on my investment account. However, I realized that I don't own enough share in any of my holdings to have it start working. Basically the dividend I am receiving isn't enough to buy one whole share of that stock.

Cash: $165
Savings: $5
TFSA Investment: $26,597.26
TFSA Mutual Fund: $3,657.77
Real Estate: $250,000

Mortgage: $163,520
LOC: $12,561.79

Net Worth
: $104,343.24 (-8%)

As you can see my net worth went down this month. It's because last month a lot of my calculation were an approximate value. This month I was more precise with my calculation. Another reason why my net worth dropped is because of the decrease in valuation of my house based on local market activities. I think I will continue to adjust the valuation of my house going forward, until someone shows me a better way. However, if you look my investment, they actually all went up compared to last month despite not making any contributions this month. During this coming month I am going to figure out the current value of my work pension and will add it into my assets. Remember to come check back next month to see my progress. 

No comments:

Post a Comment